Meridian Group Buys Northern Virginia Office Campus
JLL Capital Markets represented the sellers and procured the buyer of the two-building asset. Apr122021
Image courtesy of JLL
Just over a decade after acquiring Plaza East in Chantilly, Va., MRP Realty and Rockpoint Group have sold the 247,000-square-foot office complex to The Meridian Group.
MRP and Rockpoint secured a buyer with the assistance of JLL Capital Markets, which, in addition to representing the sellers in the transaction, assisted the buyer in obtaining acquisition financing for the fully leased, two-building asset in Northern Virginia, just outside Washington, D.C.
MRP and Rockpoint had owned Plaza East since 2010, when they purchased the HOK-designed campus from lender General Electric Co. following the previous owner’s loan default. The partners had acquired the property for $31.6 million with the aid of a $30 million loan through EagleBank, according to CommercialEdge data. Developed by Tish